ZuluTrade is known as a social trading. It brings profit for you. Then, you also need the reason why you should check out ZuluTrade’s ‘Social Charts’.
The social dimension comes from an active forum and customer input and votes. A signal provider can post directly on the pages. Furthermore, you can connect your ZuluTrade account to your Twitter or Facebook account. Those account will post a message every time your account (winner or loser) closes a trade.
A special feature called ‘Social Charts’ was also added. This allows you to post your views directly on every instrument map, and to communicate with other ZuluTrade followers and traders in real time as market events occur. Here are the unique features of ZuluTrade.
1. Performance on Slippage Scenarios
Slippage is an significant factor for Forex autotrading platforms. It is a key driver of this is how easily the network performs trading from the traders or trading signals that you follow in your own account.
Although some slippage exists and some trades have been skipped on very few occasions, there is a factor related to the choice of broker and signal provider. For instance, a higher slippage with scalpers as these traders search for small fast gains in unpredictable market conditions), rather than the speed or reliability of the autotrading platform ZuluTrade.
2. Risk Management
It used to be very easy to blow up your ZuluTrade account by having the settings wrong for one “trader”. It could adjust their plan from one day to the next. Then, there are plenty of reports on people forums that get this wrong).
Nevertheless, in December 2012, ZuluTrade added some very useful additional risk management features that allow you to set a maximum loss for each “trader/signal provider” in monetary terms before your account automatically stops following them and closes any open trades they have in your account.
This feature is now called ZuluGuardTM Capital Security. It also takes your overall risk profile into account based on the short questionnaire you complete when you register with ZuluTrade.
3. Checking Your Account Performance
You can review your account results online at any time. Then, ZuluTrade also sends daily and weekly overview report emails that are helpful in keeping track of your trading outcomes.
